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Staff at Bolton Wanderers have been told there are no short-term job losses planned at the Macron Stadium.
The news was broken to the employees by new co-owner Ken Anderson on Monday, ending months of speculation around the club.
Relegation to League One means a guaranteed £5million drop in TV and sponsorship revenue for Wanderers.
But Anderson insists there are no staff cuts planned before the end of the season and that he hopes there will be minimal impact after a review in the coming months.
“I gave assurances to staff that we won’t be doing a restructuring – eventually we will, but for one month it’s a standstill situation,” he said.
“It’s too early to say but hopefully the staff will all keep their jobs.”
Wanderers are looking to trim their wage bill this summer from around £12m per year to £6m to fall in line with Football League salary cap rules.
Most of the savings will be made on the playing front with high earners such as David Wheater, Neil Danns, Emile Heskey and Liam Feeney all likely to be released this summer or offered significantly lower wages.
Other in-contract players such as Mark Davies, Jay Spearing, Ben Amos and Darren Pratley will be made available for loan, provided the majority of their wage is covered by their next club.
Anderson recognised the dedication shown by the 300-or-so full and part-time staff who worked tirelessly through the club’s financial problems despite not being guaranteed their monthly wage in November, December and January.
“I think they have been exceptionally loyal and hard working,” he said. “A lot of them are low earners compared to football players and they’ve been through heaven and hell to get to where we are today.
“They didn’t know whether they’d have a job or even a club to come to at one stage.”
Source
The news was broken to the employees by new co-owner Ken Anderson on Monday, ending months of speculation around the club.
Relegation to League One means a guaranteed £5million drop in TV and sponsorship revenue for Wanderers.
But Anderson insists there are no staff cuts planned before the end of the season and that he hopes there will be minimal impact after a review in the coming months.
“I gave assurances to staff that we won’t be doing a restructuring – eventually we will, but for one month it’s a standstill situation,” he said.
“It’s too early to say but hopefully the staff will all keep their jobs.”
Wanderers are looking to trim their wage bill this summer from around £12m per year to £6m to fall in line with Football League salary cap rules.
Most of the savings will be made on the playing front with high earners such as David Wheater, Neil Danns, Emile Heskey and Liam Feeney all likely to be released this summer or offered significantly lower wages.
Other in-contract players such as Mark Davies, Jay Spearing, Ben Amos and Darren Pratley will be made available for loan, provided the majority of their wage is covered by their next club.
Anderson recognised the dedication shown by the 300-or-so full and part-time staff who worked tirelessly through the club’s financial problems despite not being guaranteed their monthly wage in November, December and January.
“I think they have been exceptionally loyal and hard working,” he said. “A lot of them are low earners compared to football players and they’ve been through heaven and hell to get to where we are today.
“They didn’t know whether they’d have a job or even a club to come to at one stage.”
Source